Leading Orlando bankruptcy attorney, SunCoast Law has announced that they are keeping a close watch on the recent developments in the students’ loan debt area. The law firm ranks high among the leaders in the area of legal service in Florida committed to helping individuals in need of bankruptcy, debt reduction, foreclosure defense, loan modification and in completion of exit strategies.
“As most people are aware, the students’ loan crisis is looming large in Florida,” says the spokesperson for SunCoast Law. “Students and their parents are under pressure to pay off the student loans they have availed but many parents don’t have the money to square off. As a leading law firm that handles only financial cases, we are keeping a close watch on the various developments happening in this arena and will be available to parents and students who require legal advice to deal with their current crisis.”
The Middle District of Florida’s Bankruptcy Court is known for its innovative approach to resolving issues between creditors and debtors. The same Bankruptcy District was the first in the U.S. to develop a court-supervised mortgage modification program. The same was later adopted in many other districts throughout the country and has helped thousands of homeowners retain their homes.
According to the leading Orlando bankruptcy attorney from SunCoast Law, the student loan crisis is getting more and more complicated. To add to the problem, parents and students cannot even seek protection under bankruptcy laws when it comes to student loans.
Parents are worried because, under the current law, loan servicing companies are free to garnish the wages of parents and students even if they enjoy protection from wage garnishment under state laws.
According to the SunCoast Law Orlando bankruptcy attorney, owing money on a student loan is really no different than owing the IRS money. None of the rules that apply to other creditors apply to student loan servicers.
Bankruptcy attorneys in the Middle District, with clients that have student loan debt, are starting to participate in this program initiated by the Middle District of Florida’s Bankruptcy Court. They, along with their clients, are confident that this new program will help them get over the present crisis.
Many expect the program to be as successful as the mortgage modification program. The bankruptcy lawyers from SunCoast Law are keeping a close watch on the emerging situation and the various developments happening in this area of law.
For more information, visit https://www.suncoast.law/
About SunCoast Law:
SunCoast Law is a leading Florida-based law firm that deals exclusively in financial cases only and focused on solving the financial problems faced by their clients. They have an exclusive and proven process that ensures immediate protection from calls to all their clients. Their practice area includes bankruptcy, loan modification, foreclosure defense, and debt workout.
Company Name: SunCoast Law
Contact Person: Austin Andrukaitis
Email: Send Email
Address:150 N Orange Ave
Country: United States